LONDON--(BUSINESS WIRE)--May 3, 2019--The global laryngeal cancer therapeutics market is expected to post a CAGR of over 7% during the period 2019-2023, according to the latest market research report by Technavio.

Technavio has published a new market research report on the global laryngeal cancer therapeutics market from 2019-2023. (Graphic: Business Wire)

The increasing use of tobacco products is the major factor for the rising incidence of laryngeal cancer. The highest incidence of laryngeal cancer is found among African-Americans, followed by Caucasians, in the country. The strong mortality rate and the prevalence of the indication are leading to an increase in the use of therapeutics such as chemotherapy and targeted therapy for the treatment. Also, factors such as the increasing incidence of HPV-caused cancers are driving the growth of the market because of the metastatic nature of the virus. Hence, the global laryngeal cancer therapeutics market is expected to benefit from the increasing prevalence of the indication during the forecast period.

As per Technavio, the advent of novel therapies will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global laryngeal cancer therapeutics market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

For a long time, the global laryngeal cancer therapeutics market had chemotherapy as the only treatment option. However, the increasing prevalence of the disease and the high mortality rate have resulted in the need for more advanced therapies for the treatment of the disease. As a result, the market has witnessed an increase in the research of novel therapeutics such as targeted therapies, biologics, and regenerative therapies for laryngeal cancer. For instance, gene therapy is a type of novel therapy that is being studied intensively in the early stages of the clinical trials. It involves editing/modifying a gene in the laboratory and inserting it in the patient. The modified gene helps in silencing the faulty gene or modifying the mutated gene in the body, resulting in reversing the damage caused by the indication. Advancements in the research of these novel therapies are expected to add significant value to the growth of the global laryngeal cancer therapeutics market in the coming years.

“Apart from the advent of novel therapies, the increasing number of reimbursement programs, the growing number of strategic alliances, and the increasing research grants are some major aspects that are expected to boost the growth of the global market during the forecast period,” says an analyst at Technavio.

The North American region led the market in 2018, followed by Europe, Asia, and ROW respectively. During the forecast period, the North American region is expected to continue dominating the global market as well as register the highest incremental growth due to the increasing preference for the treatment using therapeutics for various head and neck cancer, including laryngeal cancer.

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem

Market characteristics

Market segmentation analysis

Market Sizing

Market definition

Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison

Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered

Vendor classification

Market positioning of vendors

Competitive scenario

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